"Unemployment rates" have always been considered questionable at best and with global unemployment such a huge problem, there's no doubt people will obsess over the seasonal and monthly changes.
And not to be too specific on the details, so as to take away from those who whine like a bitch, but the 14.8% figure tbitch cites is the "U-6" number or; a measure of "underemployment along with unemployment."
Find me a disgruntled construction worker from 5yrs ago and you have someone claiming "underemployment."
Throw in the disappointing manufacturing data with the better than expected 82,000 "private jobs" (the Key, of course) and it's a confusing set of data, ripe for politicalization and completely hollow bumpersticker soundbites by Romney (fuck, was that a hollow and lame CNBC appearance).
But thank God we're not Spain with 24.3% unemployment or Portugal with 15.3%. The rest of Europe is around 11% but then again, pinko Socialist nations should not be trusted with such figures.
Thankfully here in the good old mediocre US, things aren't nearly as bad. Corporate earnings, employment in general, consumer buying, home sales and bank lending are all significantly higher than this time last year, much less this time in 2010 or 2009.
But why bother trying to grasp what's really happening when you can just bitch and whine from the sidelines instead of doing something about it?! So yeah, as tbitch so eloquently put it yesterday when out of responses otherwise, "the economy sucks!"
Why yes it does in many ways.
And we hardly were put into this situation yesterday or as a result of good decision making for the past 25yrs.